Fidelity Bank partners with Union Systems to optimize trade finance transactions

Union Systems Limited, Africa’s leading trade finance software company, announced yesterday that Fidelity Bank, a leading financial institution in Nigeria, has selected its KachasiTM trade finance software and OptimusTM business portal, to automate its trade finance operations.

The bank’s decision to partner with Union Systems Limited is part of its broader digital transformation strategy, which has recently led to the launch of several innovative products such as PayGatePlus and the Virtual Card Account.

After an extensive evaluation process that included Finastra Trade Innovation System and China Systems Eximbills, the bank chose Union Systems’ Kachasi Trade Finance software and Optimus business portal to automate its trade finance operations. Kachasi is the first indigenous trade finance software application that automates the entire lifecycle of international and domestic trade finance transactions. The Optimus Portal provides a platform for customers to initiate and manage their business transactions via web or mobile from anywhere in the world.

Commenting on the partnership with Union Systems Limited, Mr. Stanley Amuchie, Executive Director, Chief Operating and Information Officer, Fidelity Bank Plc, said, “We are delighted to partner with Union Systems to provide an end-to-end platform fully automated end. to help our business customers achieve their business goals. By leveraging this platform, we hope to further enhance our customers’ experience and increase the efficiency of their business transactions.”